Once you’re decided what type of savings account in Landbank you’re going to open (ATM or Passbook), visit the nearest Landbank branch in your area. Make sure you bring the requirements.
- Eligible Accounts. Individual depositors, both single and joint accounts, are qualified to enroll in LANDBANK iAccess. Savings Account with ATM access; Regular Current Account; Regular Interest-Bearing Current Account; Current Account with ATM Access; Interest Bearing Current Account with ATM Access; Passbook accounts.
- As mentioned above, you can enroll for online banking only if you have an existing and active deposit account with Landbank. Bring your Landbank ATM card and valid ID to any Landbank branch of your.
- Duly notarized Board Resolution/LOA from Head of Agency incorporating the following:. Authority to open an account with LANDBANK. Officers authorized to sign and the nature and extent of such.
- Account Type Choose Account Type Savings Account Checking Account For Landbank ATM cardholders, please make sure to enter your member number before you click Submit button.
Your Landbank ATM card or passbook account might be stolen or lost or you distrust Landbank.
That's why you want to close your LandBank bank account.
But in case you're just a victim of unauthorized transactions or someone withdraws from your account without your authorization, you can consider to just block your LandBank account.
But if you're DECIDED to close it, you can choose any of the two (2) options:
Option 1
For emergency or urgent situation, call LandBank Customer Service immediately. If your LandBank ATM card, Passbook or Checking Account is lost or stolen, request the customer service to block that account from unauthorized transactions.Blocking your account doesn't mean closing it. Blocking of account is just temporary. It will stop or block any unauthorized transactions (withdrawal, deposit, etc.) to your account.
After blocking your account and you decide to close it, you should go to any Landbank branch and withdraw all your money.
Don't forget to bring valid id (government-issued) and request for closure of your account.
Option 2
Another option is to leave your LandBank account inactive. Of course, you need to withdraw all the money before you leave it behind.If your LandBank bank account remains inactive (no transactions) for two years, LandBank banking system will detect it and will automatically close it. You can open a new account afterwards.
But in case you want to use again your inactive bank account (inactive for two years), you need to pay the penalty for falling below the required maintaining balance and another service charge for dormant account.
So it's better to open a new account. ;o)
Help you friends and family close their LandBank bank account hassle-free and avoid service charges. Share this post to them.
Jai Landbank Savings Account
Landbank Savings Account Maintaining Balance
If you’re planning to open Savings Account in Landbank, this short article might provide some basic information you need. Knowing these information before you visit the bank can save you time and effort.Related Articles
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Landbank savings account requirements
- 2 valid ID
- 1×1 ID picture
- TIN number or TIN ID
- Proof of billing
*New requirement:
- TIN number (in earlier part of 2016, almost all establishments doing financial transactions ask to require TIN numbers from their clients/customers)
These requirements apply to ATM and Passbook Savings account in Landbank.
Below are the features of savings account in Landbank.
Landbank ATM Savings account
Initial Deposit requirement: P500
Required balance to earn interest: P500
Interest rate: .250% p.a.
Maximum withdrawal amount per day: P50,000
Documentation: ATM card
Required balance to earn interest: P500
Interest rate: .250% p.a.
Maximum withdrawal amount per day: P50,000
Documentation: ATM card
Landbank Passbook Savings account
Iaccess Landbank Sign Up
Initial Deposit requirement: P10,000
Required balance to earn interest: P10,000
Interest rate: .250% p.a.
Documentation: Passbook
Required balance to earn interest: P10,000
Interest rate: .250% p.a.
Documentation: Passbook
Procedures in opening savings account in Landbank
Landbank Savings Account Requirements
1. Once you’re decided what type of savings account in Landbank you’re going to open(ATM or Passbook), visit the nearest Landbank branch in your area. Make sure you bring the requirements mentioned above.
2. Go to the new account section and advise the bank teller that you’re going to open a savings account. They will provide you the application form. Fill up the form and complete all the information.
Make sure you double check everything before submitting it to the teller.
3. Once done, submit the completed application form together with the requirements and the initial deposit (P500 for ATM and P10,000 for Passbook).
4. The bank teller will check and verify the application form and the information. They will process the application and encode on their system.
5. The bank teller will give you the receipt or confirmation slip and will advise when you can claim your passbook. For Landbank ATM savings account, it can be release with in the same day after your application depending on the branch
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TechknowCabLandbank Savings Account Minimum Balance
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